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stabilize. i ve had the same job 34 years. i m good. where the economy sits might determine what the next chapter will look like for the country. i m going to work hard, pay off my bills. have a new car in sight. i m going to do it. i m optimistic about 2024 and all it will bring to the world, to the economy. neil: investors have high hopes for a new year and a new stock market. let s say for the first trading day, not the most magnificent of starts. last year s so-called m magnificent big tech stocks were big duds. so we record, you decide if 2024 is still big. welcome. i m neil cavuto. happy to have you with us. happy new year to you as well. to lydia hu on the bumpy start to what ken fisher says is going to be another banner year. but again, not quite starting out that way. yeah, hi, neil. you said it best. today was a bumpy start for the first day of trading in this new year. of course, it s coming on the heels of a blockbuster close at the end of 20 ....
To see maybe low double digits. trace: that s not too shabby if that s the case. things could change. the consensus seems to be building, that at the very least, the fed is done raising rates and maybe as soon as march starts cutting them. are you in that camp? wouldn t that be something, neil? in was a fed that told us rates will go to the sky and inflation was as well. last year, neil, i like to use the technical term stinky. last year was stinky in the last six weeks of the year and then it was awesome. all the bears betting on the market went away. said things were so great and the economy and the markets were awesome. that scares me a little bit. that s not sustainable. that is not likely to sustain itself. so probably means that this year will be okay. but as kim said to expect a year like 2023 is out of the cards considering that as lydia hu said, the market is expecting the fed to cut rates. ....
Sales. tesla and nvidia and microsoft are also down. the fed may have engineered a soft landing forcing the interest rates high enough and fast enough to slow the economy and cool inflation but without causing a crash landing into a she situation. now investors expect rate cuts. the question is, how many and how soon. to get clues on that, investors will pour over meeting minutes of the fed s december meeting to get and idea of the direction that they may go on rate cuts. they ll have their eyes ahead on the jobs report. it s a scrutinized report on the health of the economy. a big week of data coming up ahead. back to you. neil: thanks, lydia. as she was speaking, the dow made it official. any gain of course after last week s run up is another record. that s what the dow had today. closing at record territory today. now, the backdrop for this is an ....